Record profits for Cargill based on increasing meat demand
The world’s largest agricultural commodities supplier, Cargill, obtained its highest profit in six years based on an increasing demand for meat. Animal nutrition and protein were the largest contributor to quarterly earnings for the company.
Cargill cited high consumer demand for beef and poultry, based on lower prices, as one of the reasons for these profits. In addition to increased demand, low crop prices have reduced costs for processing plants and boosted margins for meat producers.
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